Press release
Cash Logistics Market is expected to reach $30,707.7 Million by 2025: Key Players- The Brink’s Company, Cash Logistics Security AG, CMS Info Systems Ltd., G4S plc.
Cash Logistic market
At present, LAMEA dominates the market, followed by North America, Europe, and Asia-Pacific. U.S. dominated the global cash logistics market in 2017, whereas South-Korea is expected to grow at a significant rate in Asia-Pacific during the forecast period.
The growth in circulation of currency in the economy has led to the increase in need of cash logistics solutions such as cash-management, cash-in-transit, ATM services, and others. For instance, in November 2018, Reserve Bank of India (RBI) announced the increase of around 49,000 crores in the currency in circulation in India, which was the highest ever increase since demonetization. Adoption of cash logistics services make cash management efficient and has advantages such less chance of mistakes, efficient cash flow, and others. Therefore, rise in cash circulation boosts the growth of the global cash logistics market
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Factors such as circulation of cash and rise in demand for safe & vault for cash management fuel the growth of the cash logistics market. In addition, increase in deployment of ATMs globally boosts the market growth. However, increase in cash-in-transit vehicle robberies and rise in adoption of digital money hinder the market growth. Conversely, production of fully automated cash-in-transit vehicle and rise in cash demand from emerging economies are anticipated to provide remunerative opportunities for the market expansion.
Key Findings of the Cash Logistics Market:
• Based on service, the cash-in-transit segment generated the highest revenue in 2017.
• Based on end user, the financial institutions segment was the highest revenue contributor in 2017.
• Based on region, Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
• In 2017, LAMEA contributed the highest market revenue, followed by North America, Europe, and Asia-Pacific.
The key players analyzed in this report are The Brinks Company, Cash Logistics Security AG, CMS Info Systems Ltd., G4S plc., Garda World Security Corporation, Global Security Logistics Co, GSLS, Lemuir Group, Loomis, and Prosegur Cash, S.A.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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